Global Commodity Technology Association formed to drive dry bulk digitalisation

Global Commodity Technology Association formed to drive dry bulk digitalisation

A new association has been formed on the back of the world’s top agribusiness giants joining forces to digitise shipping transactions.

Today sees the launch of the Global Commodity Technology Association (GCTA), which has been motivated by a desire to evaluate and accelerate digitisation opportunities in the global agricultural commodity industry. The GCTA is now open to participants in the ocean-bound agricultural trade supply chain. It has appointed financial services industry veteran David Lehman as director. He was managing director, research and product development at CME Group and spent time at the Commodity Futures Trading Commission (CFTC) and the Chicago Board of Trade (CBOT).

The association follows in the wake of the launch a year ago of an agribusiness grouping determined to digitalise shipping. That group now consists of Archer Daniels Midland (ADM), Bunge, Cargill, COFCO, Glencore and Louis Dreyfus.

Membership to the GCTA is open only to commodities supply chain executives involved in ocean bound agricultural trade. At this time, it is limited to large commercial players, and large and medium-sized trade houses, as well as observers who are poised to help the industry expand the efficiencies of digitisation. This foundational group will establish the procedures of the organisation, drive execution priorities and create a technical roadmap for implementation.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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